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Foundation: Bloomberg Philanthropies

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Southeast Asia could be on its way to a "clean, prosperous, and healthy future" if governments, businesses, civil society organizations, and philanthropists come together to tackle climate change, Bloomberg reports.

At the first-ever Southeast Asia Climate Philanthropy Forum in Indonesia last week, leaders from the region discussed three major climate issues: clean energy transition, clean air, and ocean conservation.

"The future of our planet is now often painted with a grim outlook due to the adverse impact of the climate crisis," says UN Special Adviser on Climate Action and Just Transition Selwin Hart.

"A just energy transition is not just an ideal but a necessity, and I am encouraged by the commitment shown here today to make it a reality."

Some 200 people attended the forum, which Bloomberg Philanthropies says aimed to foster "meaningful and robust collaboration among governments, businesses, civil society organizations, and climate philanthropy leaders from the region and around the world to help identify and address challenges and opportunities related to climate change.

Discussions highlighted key actions, successes, and insights on climate solutions originating from Southeast Asia and identified areas for collaboration to further empower local communities, ensure a just transition, and accelerate progress on Southeast Asia's climate goals."



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Senay Ataselim-Yilmaz, Chief Operating Officer, Turkish Philanthropy Funds, writes that philanthropy often solves the very problems that stems from market failure. Some social issues, however,  cannot be tackled by questioning the return on investment.




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